Capital Group U.S. Multi-Sector Income ETF $CGMS Holdings Raised by EQ Wealth Advisors LLC

EQ Wealth Advisors LLC raised its position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 8.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 522,997 shares of the company’s stock after buying an additional 39,319 shares during the period. Capital Group U.S. Multi-Sector Income ETF makes up about 9.5% of EQ Wealth Advisors LLC’s holdings, making the stock its biggest holding. EQ Wealth Advisors LLC owned approximately 0.42% of Capital Group U.S. Multi-Sector Income ETF worth $14,513,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Financial Perspectives Inc lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 59.6% in the second quarter. Financial Perspectives Inc now owns 1,853 shares of the company’s stock worth $51,000 after acquiring an additional 692 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in Capital Group U.S. Multi-Sector Income ETF during the 3rd quarter valued at approximately $53,000. IFP Advisors Inc increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 38.3% during the 2nd quarter. IFP Advisors Inc now owns 4,091 shares of the company’s stock worth $113,000 after purchasing an additional 1,132 shares during the last quarter. AdvisorNet Financial Inc raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 67.6% in the 2nd quarter. AdvisorNet Financial Inc now owns 4,551 shares of the company’s stock valued at $126,000 after purchasing an additional 1,836 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 88.7% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,005 shares of the company’s stock valued at $138,000 after purchasing an additional 2,352 shares in the last quarter.

Capital Group U.S. Multi-Sector Income ETF Trading Up 0.1%

CGMS stock opened at $27.77 on Thursday. The firm has a 50 day simple moving average of $27.68 and a 200-day simple moving average of $27.71. The company has a market capitalization of $4.05 billion, a P/E ratio of 10.71 and a beta of 0.34. Capital Group U.S. Multi-Sector Income ETF has a twelve month low of $26.08 and a twelve month high of $28.08.

Capital Group U.S. Multi-Sector Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 24th were issued a dividend of $0.1662 per share. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a c) annualized dividend and a yield of 7.2%. This is an increase from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.13.

About Capital Group U.S. Multi-Sector Income ETF

The Capital Group U.S. Multi-Sector Income ETF (CGMS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund seeks a high level of current income from an actively managed fund of US corporate debts with varying maturities and credit quality. CGMS was launched on Oct 25, 2022 and is managed by Capital Group.